Table of Contents
Historical Data, Premium Insights, Market Dynamic, Analysis and Projection, By Product, Analysis and Projection, By Application, Analysis and Projection, By End-Use, Analysis and Projection, By Regional Analysis, Competitive Landscape, Company Profiles, Market Revenue, Sale & Price Analysis
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According to a research report published by Spherical Insights & Consulting, The Global Vitamin K2 Market Size Expected to Grow from 232.4 Million in 2023 to USD 848.4 Million by 2033, at a CAGR of 17.86% during the forecast period 2023-2033.
Browse 210 market data Tables and 45 Figures spread through 190 Pages and in-depth TOC on the Global Vitamin K2 Market Size, Share, and COVID-19 Impact Analysis, By Product Type (MK-4 and MK-7), By Application (Pharmaceutical, Functional Food & Beverages, and Health Supplements), and By Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033
Vitamin K2 market is the global market that deals with the production, supply, and marketing of Vitamin K2, a fat-soluble vitamin responsible for bone and cardiovascular health. It encompasses different forms like MK-4, MK-7, MK-9, and others in dietary supplements, functional foods, drugs, and animal nutrition. Moreover, the vitamin K2 market is driven by increasing bone and cardiovascular health awareness, increasing dietary supplement demand, and enhanced research on its health benefits in the prevention of osteoporosis and heart disease. Increasing use in functional foods, pharmaceuticals, and animal nutrition, coupled with an ageing demographic and favourable regulatory approvals, also drive market growth worldwide. However, the vitamin K2 market is constrained by high cost of production, low consumer awareness, regulatory issues, and competition from other supplements like Vitamin D and calcium, affecting market penetration and growth.
The MK-7 segment accounted for the largest share of the global vitamin K2 market in 2023 and is anticipated to grow at a significant CAGR during the forecast period.
Based on product type, the global vitamin K2 market is divided into MK-4 and MK-7. Among these, the MK-7 segment accounted for the largest share of the global vitamin K2 market in 2023 and is anticipated to grow at a significant CAGR during the forecast period. This is because of its greater bioavailability, longer half-life, and robust clinical evidence of bone and cardiovascular health advantages. Growing demand for MK-7 in functional food and dietary supplements further enhances its superiority over MK-4 with a shorter biological activity.
The health supplements segment accounted for a substantial share of the global vitamin K2 market in 2023 and is anticipated to grow at a rapid pace during the projected period.
On the basis of the application, the global vitamin K2 market is divided into pharmaceutical, functional food & beverages, and health supplements. Among these, the health supplements segment accounted for a substantial share of the global vitamin K2 market in 2023 and is anticipated to grow at a rapid pace during the projected period. This is driven by enhanced consumer recognition of bone and cardiovascular health advantages. Increasing demand for dietary supplements, ageing populations, and healthcare prevention also heighten its stronghold over pharma and functional foods & beverages that are rising but with lower bases.
North America is projected to hold the largest share of the global vitamin K2 market over the projected period.
North America is projected to hold the largest share of the global vitamin K2 market over the projected period. This is driven by high consumer knowledge, high demand for dietary supplements, and well-established nutraceuticals. Increased health awareness, an ageing population, and growing research into Vitamin K2's benefits further cement the region's leadership over other markets around the world.
Asia Pacific is expected to grow at the fastest CAGR of the global vitamin K2 market during the projected period. This is led by heightened health consciousness, rising disposable incomes, and demand for dietary supplements. Growing nutraceutical and functional food industries, a large ageing population and government campaigns for bone and cardiovascular health also drive market growth.
Company Profiling
Major vendors in the global vitamin K2 market are Nestlé (Garden of Life), Life Extension, NatureWise, NOW Foods, Solaray, Source Naturals, Pharmavite (Nature Made), Bronson, MaryRuth Organics, Natural Factors, and others.
Key Target Audience
Recent Development
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global vitamin K2 market based on the below-mentioned segments:
Global Vitamin K2 Market, By Product Type
Global Vitamin K2 Market, By Application
Global Vitamin K2 Market, By Regional
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